Question: points Save Answer Weekly demand for a product is 246 units with a standard deviation of 75 units. The cost of placing an order is

points Save Answer Weekly demand for a product is
points Save Answer Weekly demand for a product is 246 units with a standard deviation of 75 units. The cost of placing an order is 125, and the time from ordering to receipt is 1 weeks. The procurement cost (wholesale price) of the product is $10. The annual inventory carrying cost is 10% of the procurement cost of the product. What is the EOQ for this product? Assume store is open for 52 weeks in a year (Do not round your intermediate calculations. Round your final answers to the nearest whole number. Only enter the number)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!